Entitled Waterfront
For Sale
$4,500,000
305 E Beach Drive, Panama City, FL 32401
Land, Panama City, FL
Property SizeContact for details
Lot Size3.25 Acres
Days on Market102
Property Features for 305 E Beach Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Resid Single Family, Resid Multi-Family, City
Subdivision
No Named Subdivision
Directions
From Downtown Panama City at the intersection of Harrison Avenue and East Beach Drive, travel east on Beach Drive, cross the Tarpon Dock Bridge over Massalina Bayou. The property is located on east side of Massalina Bayou at the base of the bridge to include all the way to the northwest corner of East 2nd Street
Standard status
Active
APN
20154-000-000
Lot size
3.25 Acres
Taxes and HOA fees
Tax Description
9 4S 14W -1- 70A ALL THAT PART OF NW1/4 OF SW1/4 LYING S & E OF MASSALINA BAYOU LESS DAVIS PLATS & LESS PCLS -1.1- & -1.2 SUBJ TO CONS ESMT OR3108 P1693 SUBJ TO CONS ESMT OR3108 P1714 ORB 4754 P 1342
Legal Description
9 4S 14W -1- 70A ALL THAT PART OF NW1/4 OF SW1/4 LYING S & E OF MASSALINA BAYOU LESS DAVIS PLATS & LESS PCLS -1.1- & -1.2 SUBJ TO CONS ESMT OR3108 P1693 SUBJ TO CONS ESMT OR3108 P1714 ORB 4754 P 1342
Utilities
Water front features
Seawall
Water front
1
Listing Agency:
Counts Real Estate Group Inc
(850) 249-3615
Listed By:
Chris S McCall · License #0666647
(850) 814-9889
Added: Jul 1
Changed: Sep 3
Last Checked: Oct 10 at 3:06AM
MLS# 792242
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This waterfront land parcel fronts Massalina Bayou with 650 linear feet of direct shoreline and an existing seawall. The property is zoned Mixed-Use 3 (MU-3) by the City of Panama City and includes a recorded, assignable Development Agreement with vested rights for residential and marina development.
The agreement identifies several potential development formats, including attached residential or townhome units, detached single-family housing, multifamily housing, and marina-oriented waterfront uses. The offering includes Bay County Parcel ID # 19528-000-000 along with an ALTA/topographic survey, existing-conditions materials, concept plans, draft plat, marina layout, utility and construction exhibits, and seawall and marina proposals. The property is located at 305 E Beach Drive in Panama City, Florida.
The agreement identifies several potential development formats, including attached residential or townhome units, detached single-family housing, multifamily housing, and marina-oriented waterfront uses. The offering includes Bay County Parcel ID # 19528-000-000 along with an ALTA/topographic survey, existing-conditions materials, concept plans, draft plat, marina layout, utility and construction exhibits, and seawall and marina proposals. The property is located at 305 E Beach Drive in Panama City, Florida.
Key Highlights
- 650 linear feet of direct frontage on Massalina Bayou
- Recorded and assignable Development Agreement with vested development rights
- Mixed‑Use 3 (MU‑3) zoning within the City of Panama City
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
Explore this area
Business Placement
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Waterfront Land - MU-3 zoning and a recorded development agreement provide vested rights for residential and marina development.
Where is this waterfront land located?
The property is located at 305 E Beach Drive Panama City, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 650 linear feet of direct frontage on Massalina Bayou; Recorded and assignable Development Agreement with vested development rights; Mixed‑Use 3 (MU‑3) zoning within the City of Panama City
